Briefly Business

After touching the 19,000 mark in intra-day trade,the BSE Sensex snapped its 6-day rally and closed 83 points lower to 18,763.

Sensex down 83 points as RIL dips sharply

Mumbai: After touching the 19,000 mark in intra-day trade,the BSE Sensex snapped its 6-day rally and closed 83 points lower to 18,763,triggered by a sharp dip in heavyweight RIL amid reports that CBI searched the house of former DG of hydrocarbons in the oil exploration case.

IOB ties up with Western Union Money Transfer

Chennai: Indian Overseas Bank has tied up with Western Union Money Transfer for transfer of funds. The bank has forayed into the new service through Weizmann Forex Ltd for receiving cross-border money transfer for web-based remittances.

Toyota looking at diesel variant of Etios

CHENNAI: Toyota said on Friday that with rising fuel costs and customer preference for diesel cars,it is studying the feasibility of manufacturing the diesel variant of its latest sedan Etios.

Dewan Housing raises RPLR by 25 bps to 17.75

MUMBAi: Mortgage lender Dewan Housing Finance Corporation on Friday increased its retail prime lending rate RPLR by 25 basis points to 17.75 per cent. The move comes in the wake of a hike in the reverse repo and repo rates by the RBI recently.

Wockhardt receives US approval for eye drops

New Delhi: Drug maker Wockhardt on Friday said it received tentative approval from the US health regulator to market Olopatadine hydrochloride eye drops in the American market.

Microsoft India consumer and online biz head quits

NEW DELHI: Microsoft Indias MD for consumer and online business Hemant Sachdev has quit the firm. The consumer and online business includes consumer software,Windows Mobile,Windows Live,MSN and the other online and search businesses such as Bing.

Atos acquires Siemens IT Solutions and Services

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MUMBAi: France-based IT service company Atos today said it has completed the acquisition of Siemens IT Solutions and Services GmbH,the holding company of all IT activities of engineering giant Siemens.

World Bank provides 648 mn loan for THDC project

NEW DELHi: The World Bank will extend a loan of 648 million about Rs 2,888 crore to state-run Tehri Hydro Development Corporation THDC India for constructing the Vishnugad Pipalkoti Hydroelectric Plant on the Alaknanda river.

Report fraud cases of Rs 1 cr and above to CBI

NEW DELHi: In order to check banking frauds,RBI on Friday asked public sector lenders to promptly report cases of cheating involving Rs 1 crore and above to the CBI,and of the lesser amount to the police.